The TCW Group has launched the MetWest Unconstrained Bond Fund, a mutual fund with the flexibility to invest across a wide array of global fixed income sectors.
“In today’s low interest rate environment, fixed income investors may be better served by looking beyond the traditional benchmarks and interest rate-driven sectors,” said Stephen M. Kane, a managing director with TCW and co-portfolio manager of the fund. “We believe the challenging global economic environment creates unique and attractive opportunities for a go-anywhere fund that is not tied to a specific benchmark.”
The fund will invest in a number of fixed income sectors, including investment grade and high-yield corporate bonds and bank loans, mortgage-backed securities and emerging markets debt. The fund’s managers will employ both macroeconomic analysis and fundamental research in determining sector allocation.
Charles Baldiswieler, managing director and head of of TCW’s retail distribution, added: “Successfully executing an unconstrained strategy requires a unique set of capabilities and resources. The fixed income team at TCW brings a deep bench of expertise across global sectors and asset classes.”
This is the first new fund that Metropolitan West Asset Management has launched since it was acquired by TCW in December 2009. It is also MetWest’s first fund to offer international fixed income exposure.
